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    2317 Cherokee St Saint Louis, MO 63118

    For Sale
    $635,000

    Mixed-use property with retail income and apartment redevelopment potential.

    Lot size:
    0.22 Acres

    Property Features for 2317 Cherokee St

    General Information

    Lot size
    0.22 Acres

    Source: BARBERMurphy Agent Eddie Aboussie

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Mixed-Use Redevelopment Opportunity

    The property at 3352 S Jefferson Avenue is a historic mixed-use property comprising two adjoining buildings. The ground floor is occupied by retail tenants, providing immediate income. The second floor features six apartment units that are ready for redevelopment. Three of these units are roughed in with new windows and framing, designed as loft-style layouts. The remaining three units require cleaning and full renovation. This property presents a value-add opportunity to create updated apartments above established retail spaces in a well-traveled South St. Louis corridor. The property is located in the heart of South St. Louis, between the Benton Park and Marine Villa neighborhoods. It benefits from strong visibility along a well-traveled corridor with consistent local traffic. Its proximity to I-55 allows for quick access to Downtown St. Louis and the broader metropolitan area. The surrounding area includes a mix of residential homes, small businesses, restaurants, and neighborhood services, creating a convenient and active location for both customers and employees.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.224464
    Latitude
    38.59328

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail income and apartment redevelopment potential.
    Where is this mixed-use property located?
    The property is located at 2317 Cherokee St Saint Louis, MO.
    What is the asking price?
    The asking price for this property is $635,000.
    What are key features of this property?
    This property features: - Immediate income from existing retail tenants.; - Value-add opportunity to renovate six apartment units.; - Three apartment units are already roughed in with new windows and framing.
    (314) 954-9912
    Request Owner's contact information
    2317 Cherokee St Saint Louis, MO 63118
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    Saint Louis, MO 63118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2317 Cherokee St Saint Louis, MO 63118
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